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EURUSD

  • #92,201
  • May 4, 2009 9:34am May 4, 2009 9:34am
Quoting forexbomber
i was just wondering if anyone is an active scalper on the EUR/USD? The reason i ask is because i am and i trade off the 1 and 5 min charts and i was wondering if i could compare notes with any other traders on what indicators they use for an entry and exit as well as if they use stop losses. I look forward to hearing from everyone that has input both good and bad!

Thanks,
Mike

oh... i use MA's, a TRIX and SAR's for entry
Hello Mike,

I scalp using MA's & MurreyMath Indicator. To learn more about Murrey math, you can go to : http://www.forexfactory.com/showthread.php?t=159471

It's an excellent thread and Karthik is very helpful I must say.
The way I do it is very simple: 2 TFrames : 5 min and 15 Min

On the 5 min chart
Plot 50 EMA (close)
Plot 5 EMA (close)
Plot 14 WMA (close)
Plot MMLevels

On the 15 Min TF
Plot MMLevels
Plot 50 EMA (close)
Plot 5 EMA (close)

Long entry for example:
1) On 15 TF PA above 50 EMA
2) On 5 TF:
- PA above 50 EMA
- Wait for candle to close above 14 WMA
- Wait for 5 EMA to pierce through MMLevel from the bottom
- Wait for price to retrace back to 5 EMA before pulling the trigger
Target is the next MMLevel

Opposite for shorts.

I hope this helps. If you need anything, let me know.
Cheers !

Pahadi
  • #92,202
  • May 4, 2009 9:34am May 4, 2009 9:34am
  • #92,203
  • May 4, 2009 9:41am May 4, 2009 9:41am
Already shorted again (double top?), seems the bull is starts prematurely & not be able to break the daily/weekly utl . so will continue shorts with risk even if go upto 1.3380.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #92,204
  • May 4, 2009 9:46am May 4, 2009 9:46am
it's a trap !!!
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  • #92,205
  • May 4, 2009 9:47am May 4, 2009 9:47am
Quoting SeerEye
This upward movement may still have some legs to it. Fundy-wise; investors are risk-starved idiots right now. Better housing figures; flu fear abates; auto's are finally giving a 'clearer' picture and equities are way up today (keep in mind; low liquidity) London's on hiatus today; lends the $$'s to go to higher risk instruments and the $ ain't one of them (surprisingly - lol).
Techy-wise? Anybody's guess. 9 1/2 hours down - 1 1/2 right back up (somebody woke the US bulls this morning). mmmmm. We either range for the rest of the day or the bulls...
Very interesting. It might be just the beginning of a wild week as the news calendar gets better and better day by day, to end with some interest rate (cut expected from ECB), NFP etc...
  • #92,206
  • May 4, 2009 9:47am May 4, 2009 9:47am
Hmmm...looks like he has changed his idea & started to falling down & very probabely this time till 1.3207
Just my opinion
Trade Well
  • #92,207
  • May 4, 2009 9:55am May 4, 2009 9:55am
and turn this frog into a handsome prince
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  • #92,208
  • May 4, 2009 9:59am May 4, 2009 9:59am
Quoting dbfusion
believe me , I am and Egyptian living in Georgia and I know what we feel for USA and what Europeans and USA feels about Russia ,
Arabs are no threat whatsoever , Egypt is victim for the pirates we lose money if pirates are around , don't forget the sues canal !.
and this is a minor issue .

and most of intellectual Egyptians have good feelings for USA and new administration .

Russia is the biggest threat you can imagine.

Georgia is the only route remaining on the map that can transfer Oil to Europe without passing Russia .

Russia's war was...
if russia wants to take over gulf region all they have to do is stop oil shippments.. canal, pipline straights. ect. would be russias first target.. thats part of the reason u.s. keeps carriers in the gulf. to keep shipping open.. we cant do much about pipeline..thats why russia flexed last summer.. is it possible the terrorist in the gym were russian? sent to fool the world... possible.. they were all killed.. usually you try to keep some alive for information. the way things were at that time, all you had to do is say terrorist and the world would not care...elvis was spotted leaving the gym eating a peanut butter and banana sandwich..

u.s. and europe are a third world country if you take out energy...as long a its not domestic and put in a ship then sailed thousands of miles we are vunerable.. if you dont think bin laddens people decide not be pirates one day.. and just blow them up or that has at least crossed their mind.. you live in disneyland.. they attacked trade center to hurt u.s. financial wise. attacting tankers would be another way..... russia would love this..wake up.. oil is too valuable to burn.. its better used to make things like plastics ect...let em drink their oil and eat their sand..
those who can, do. those who cant, talk about those who can
  • #92,209
  • May 4, 2009 10:08am May 4, 2009 10:08am
ej testing recent high... odds are euro got legs
those who can, do. those who cant, talk about those who can
  • #92,210
  • May 4, 2009 10:10am May 4, 2009 10:10am
A lot of steam in this move. Shot right past the natural resistance points. 1.3400 and above is where it wants to go. Sooner or later it will run out of steam. Wait for confirmation before selling
  • #92,211
  • May 4, 2009 10:12am May 4, 2009 10:12am
I know it looks ominous at these levels but we could be at the beginning of a leg up to 1.4150-4250.

cheers

P.S. Is anyone else long the aussie?
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  • #92,212
  • May 4, 2009 10:13am May 4, 2009 10:13am
Quoting gatorinla
if russia wants to take over gulf region all they have to do is stop oil shippments.. canal, pipline straights. ect. would be russias first target.. thats part of the reason u.s. keeps carriers in the gulf. to keep shipping open.. we cant do much about pipeline..thats why russia flexed last summer.. is it possible the terrorist in the gym were russian? sent to fool the world... possible.. they were all killed.. usually you try to keep some alive for information. the way things were at that time, all you had to do is say terrorist and the world would...

look , I can talk in politics all day long . bin laden is an asshole terrorist in the eyes of the entire world including the Arabs .
you might have some hard feelings just because of ethnicity of that terrorist which I understand.
all I am saying open your eyes wide .

Bush didn't send his navy and air force to deliver humanitarian mission to Georgia for no reason .
WWIII was few meters away .
Sarkuzy said he will be relieved if it was only cold war starting last summer.

just sum up the dangers for the US and only the US from the nations you can consider a threat and you will make the correct conclusion by your own self.

BTW , Europ is way advanced than you can imagine amd can never be called third world in fact 90% of them can survive except Germany if Russia stopped energy flow, you need to say sorry for europeans

I don't want to talk more in politics here coz its FX forum and some might get annoyed and I appologize for this in advance.
I SEE YOU !!
  • #92,213
  • May 4, 2009 10:15am May 4, 2009 10:15am
BTw I am short @ 3372
I see bearish diversion happening
I hope i am right
I SEE YOU !!
  • #92,214
  • May 4, 2009 10:20am May 4, 2009 10:20am
Hi everyone,

I know this might be a stupid question....but i was wondering if someone can help me understand if the ECB does cut rates...then would EUR/USD go up or down?
  • #92,215
  • May 4, 2009 10:21am May 4, 2009 10:21am
Is there any particular reason why this is going up so much ?
  • #92,216
  • May 4, 2009 10:22am May 4, 2009 10:22am
Quoting gatorinla
its a trend until its not.. me also.. but you cant fight city hall.. if we break 3650 i say trend is broken... i quit trading eu last week long term.. just a range scalper for now..mostly ej. mostly north..between today and friday we may know something.....housing,employment
recent high 3384 is in reach the 3393. if you hold above 3435. 3625/39 trend line in sight... i dont have exact trend line from the summer to jans high numbers... my numbers are off... use your own numbers... besides its not a single number...and can be off some...im say holding above 3650 breaks trend if not...the trend remains lower until broken its still a trend..
those who can, do. those who cant, talk about those who can
  • #92,217
  • May 4, 2009 10:23am May 4, 2009 10:23am
Short @1.3367

SL 1.3412
Never sell @ lower upward channel unless breacked and vise versa .
  • #92,218
  • May 4, 2009 10:23am May 4, 2009 10:23am
Quoting sleep1Iopen
I know it looks ominous at these levels but we could be at the beginning of a leg up to 1.4150-4250.

cheers

P.S. Is anyone else long the aussie?
That chart looks threatening for sure, but i don't see any fundamental reason to back up such euro levels.
  • #92,219
  • May 4, 2009 10:26am May 4, 2009 10:26am
Quoting arthurb
That chart looks threatening for sure, but i don't see any fundamental reason to back up such euro levels.
Not yet! EU does own more gold than anyone else from what I understand though.
  • #92,220
  • May 4, 2009 10:27am May 4, 2009 10:27am
Quoting dbfusion
look , I can talk in politics all day long . bin laden is an asshole terrorist in the eyes of the entire world including the Arabs .
you might have some hard feelings just because of ethnicity of that terrorist which I understand.
all I am saying open your eyes wide .

Bush didn't send his navy and air force to deliver humanitarian mission to Georgia for no reason .
WWIII was few meters away .
Sarkuzy said he will be relieved if it was only cold war starting last summer.

just sum up the dangers for the US and only the US from the nations you...
your preaching to the choir... but if the lights are turned off and you dont have petro... then all the advancement we have means nothing. in a war those power plants have a big red bullseye on them... lights out...
those who can, do. those who cant, talk about those who can
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